David A. Preiser Sells 500 Shares of NVR, Inc. (NYSE:NVR) Stock

NVR, Inc. (NYSE:NVR) Director David A. Preiser sold 500 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $7,586.21, for a total transaction of $3,793,105.00. Following the completion of the sale, the director now owns 239 shares in the company, valued at approximately $1,813,104.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

NVR Stock Performance

NVR stock opened at $7,452.50 on Thursday. The company’s 50-day moving average price is $7,745.35 and its 200-day moving average price is $7,010.65. NVR, Inc. has a twelve month low of $5,210.49 and a twelve month high of $8,211.40. The company has a quick ratio of 3.97, a current ratio of 6.52 and a debt-to-equity ratio of 0.21. The company has a market cap of $23.85 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 3.13 and a beta of 1.13.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, topping analysts’ consensus estimates of $103.97 by $12.44. NVR had a net margin of 17.33% and a return on equity of 38.54%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same period in the previous year, the firm posted $99.89 EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities research analysts forecast that NVR, Inc. will post 494.66 EPS for the current fiscal year.

NVR declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 14th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 3.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have commented on NVR shares. StockNews.com upgraded shares of NVR from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. UBS Group boosted their price target on shares of NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th.

Hedge Funds Weigh In On NVR

Several hedge funds have recently added to or reduced their stakes in NVR. First Pacific Financial bought a new position in NVR during the 3rd quarter valued at about $30,000. Valued Wealth Advisors LLC grew its holdings in NVR by 100.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 4 shares of the construction company’s stock valued at $32,000 after purchasing an additional 2 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in NVR during the 4th quarter valued at about $35,000. Criterion Capital Advisors LLC bought a new position in NVR during the 4th quarter valued at about $42,000. Finally, Allworth Financial LP grew its holdings in NVR by 100.0% during the 4th quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock valued at $56,000 after purchasing an additional 4 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

About NVR

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.